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GoldSeek Web

Gold Seeker Closing Report: Gold and Silver Hold Steady
By: Chris Mullen, Gold Seeker Report

 -- Published: Wednesday, 22 August 2018 | Print  | Disqus 



















JSE Gold































The Metals:


Gold dipped $1.10 to $1192.90 in Asia before it rallied to as high as $1201.50 in early New York trade and then fell back off into the close, but it still ended with a gain of 0.22%. Silver rose to as high as $14.873 and ended unchanged on the day.


Euro gold fell to about €1031, platinum remained at $792, and copper fell a couple of cents to about $2.67.


Gold and silver equities rose roughly 1% at the open and remained near that level for the rest of the day.


The Economy:


Fed officials worry that trade war poses the biggest threat to 'strong' economy  CNBC

Fed suggests interest rate hike could come soon  Reuters

Existing-home sales tumble to a two-year low as buyers give up  MarketWatch

What Dr. Copper ordered: Trade war gives China metal a shot in the arm  Reuters

Fed chairman Powell assured senator he's not swayed by Trump's criticism  CNBC


Tomorrow brings Weekly jobless claims, Markit data, and New home sales.


The Markets:


Oil gained over 3% after the Energy Information Administration reported that crude inventories fell 5.8 million barrels, gasoline inventories rose 1.2 million barrels, and distillates rose 1.8 million barrels.


The U.S. dollar index remained weak on fed uncertainty.


Treasuries saw slight gains as the Dow, Nasdaq, and S&P traded mixed on political unrest.


Among the big names making news in the market today were Aramco, Lowe’s, Target, and Facebook.


GATA Posts:



Russian central bank buys more gold in face of tougher sanctions

Wall Street doesn't rule out a move by Trump to weaken dollar

Bank currency strategists offer 5 ways U.S. could reverse strong dollar trend

Germany calls for global payments system free of U.S.


The Statistics:

As of close of business: 8/21/2018

Gold Warehouse Stocks:



Silver Warehouse Stocks:




Global Gold ETF Holdings

[WGC Sponsored ETF’s]



Product name

Total Tonnes

Total Ounces

Total Value

New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx) AND Mexico Stock Exchange (BMV)

SPDR® Gold Shares




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold




Australian Stock Exchange (ASX)

Gold Bullion Securities




Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 3.534 tonnes.


COMEX Gold Trust (IAU) Total Tonnes in Trust: 261.37: No change from yesterday’s data.


Silver Trust (SLV) Total Tonnes in Trust: 10,236.28: No change from yesterday’s data.


The Miners:


Royal Gold’s (RGLD) dividend and Avino’s (ASM) shelf registration statement were among the big stories in the gold and silver mining industry making headlines today.



1.  Harmony

HMY +4.46% $1.64

2.  EMX Royalty

EMX +3.54% $1.17

3.  Turquoise

TRQ +3.31% $2.50



1.  Gold Fields

GFI -2.36% $2.48

2.  Seabridge

SA -1.81% $10.85

3.  Gold Resource

GORO-1.34% $5.15

Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.


- Chris Mullen, Gold Seeker Report


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© Gold Seeker 2018

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Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.


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 -- Published: Wednesday, 22 August 2018 | E-Mail  | Print  | Source:

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